A federal appeals court has rejected the Trump administration’s request to remove Federal Reserve Governor Lisa Cook from her position before the central bank’s next meeting. A divided three-judge panel in Washington, D.C., upheld a lower court injunction that blocked Cook’s termination while she challenges the legality of Trump’s move.
Source: https://www.wsj.com/economy/central-banking/appeals-court-rejects-trump-request-to-remove-fed-governor-lisa-cook-immediately-fc96f39b